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US reaches $275 mn settlement with India's Adani over alleged Iran sanctions violations

World News

18-05-2026 | 10:50

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US reaches $275 mn settlement with India's Adani over alleged Iran sanctions violations

The United States Treasury announced on Monday that it had reached a $275 million settlement with India's Adani Enterprises Limited over alleged violations of sanctions against Iran.

"The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $275,000,000 settlement with Adani Enterprises Limited (AEL), an Ahmedabad, India-based company," a U.S. statement said. "AEL agreed to settle its potential civil liability for 32 apparent violations of OFAC's Iran sanctions."

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